NASDAQ$LMFA
LM Funding America Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported over 1,100% year-over-year revenue growth driven by Bitcoin mining operations.
LM Funding America, Inc. reported a significant increase in revenue for the first quarter of 2023, primarily driven by its Bitcoin mining operations. The company mined 91.7 Bitcoins at an average market revenue value of $22,800 per Bitcoin. While revenue increased, the company experienced a net loss due to unrealized losses on investment and equity securities.
- Achieved over 1,100% year-over-year revenue growth to $2.3 million.
- Mined 91.7 Bitcoins in Q1 2023 at an average market revenue value of $22,800 per Bitcoin.
- Reported working capital of $4.6 million and LM Funding stockholders’ equity of $44.0 million.
- Increased mining capacity to approximately 520 PH/s by adding 1,300 machines in April 2023.
Headline financials
Revenue & EPS history
LMFA · Revenue · Quarterly
$2.31M
Revenue by segment
LMFA · $2.27M total across 2 segments · Q1 2023
- Digital mining$2.09M—92.0%
- Specialty finance$183K—8.0%
Forward guidance
LM Funding aims to strategically acquire additional energy efficient mining machines as they approach the next Bitcoin halving, anticipated to occur sometime in 2024. The company believes it will generate significant value for its shareholders in the long term.
Tailwinds
- Continue to strategically acquire additional mining machines.
- Acquired 101 S19 XP machines through a Bitmain raffle.
- Focus on acquiring and energizing more energy efficient mining machines.
- Strong capital position allows for delivery on growth strategy.
- Believe the strategy will generate significant value for shareholders.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+10.7%
Avg return
Earnings day
-2.6%
Avg return
5 days after
-5.1%
Avg return
30 days after
45%
19 / 42 earnings
Positive
+506.6%
Q2 2017
Best reaction
-100.0%
Q3 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -9.8% | — | — | |
| Q3 2025 | -13.0% | -24.9% | -28.3% | |
| Q2 2025 | +1.3% | -40.8% | -46.6% | |
| Q1 2025 | -4.2% | +4.8% | -0.6% | |
| Q4 2024 | -6.8% | -10.5% | +12.0% | |
| Q3 2024 | -22.1% | -20.6% | -20.3% | |
| Q2 2024 | -4.2% | -3.6% | -13.4% | |
| Q1 2024 | +26.7% | +38.6% | +130.1% | |
| Q4 2023 | -12.0% | -11.2% | -34.8% | |
| Q4 2025 | -4.0% | -6.4% | -11.4% | |
| Q3 2023 | -17.5% | -22.3% | -20.5% | |
| Q2 2023 | -10.2% | -17.0% | -20.9% | |
| Q1 2023 | +7.6% | +0.9% | -7.1% | |
| Q4 2022 | +7.2% | +5.6% | +4.8% | |
| Q3 2022 | -4.3% | -2.9% | -10.4% | |
| Q2 2022 | +23.1% | +5.6% | +9.3% | |
| Q1 2022 | +4.1% | +1.7% | -27.0% | |
| Q4 2021 | -0.3% | -3.3% | -22.6% | |
| Q3 2021 | -6.3% | -6.5% | -12.1% | |
| Q2 2021 | +7.6% | +4.0% | -0.6% | |
| Q1 2021 | +10.2% | +9.4% | -75.4% | |
| Q4 2020 | +3.9% | +2.4% | -13.4% | |
| Q3 2020 | +3.8% | +9.6% | +10.6% | |
| Q2 2020 | -19.6% | -52.4% | -63.4% | |
| Q1 2020 | +7.0% | +28.2% | +77.6% | |
| Q4 2019 | +29.9% | +24.8% | +56.4% | |
| Q3 2019 | -0.1% | -4.9% | -1.2% | |
| Q2 2019 | -9.0% | -9.0% | -9.7% | |
| Q1 2019 | -3.7% | -3.0% | -7.5% | |
| Q4 2018 | -0.7% | +1.5% | -10.7% | |
| Q3 2018 | -12.7% | -19.5% | -29.5% | |
| Q2 2018 | +19.7% | +3.8% | +34.6% | |
| Q1 2018 | -0.8% | +0.3% | -9.0% | |
| Q4 2017 | +5.8% | -1.3% | -4.2% | |
| Q3 2017 | +35.5% | +15.7% | +24.5% | |
| Q2 2017 | +506.6% | +5.3% | -26.6% | |
| Q1 2017 | +0.3% | +6.6% | -2.4% | |
| Q4 2016 | -0.3% | +2.3% | +2.6% | |
| Q3 2016 | -100.0% | -17.8% | -39.1% | |
| Q2 2016 | +4.4% | +4.1% | +5.4% | |
| Q1 2016 | +7.7% | — | — | |
| Q4 2015 | -0.5% | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
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